GLASGOW-based generator specialist DTGen has achieved record sales in the latest year after winning work on flagship projects such as the £64 million Balfour healthcare facility on Orkney.
DTGen, formerly Dieselec Thistle Generators, had £16.4 million turnover in the year to June 30, up 15 per cent on the preceding period.
The sales success has been accompanied by strong growth in employee numbers at DTGen, which has seen staff numbers increase to 80 from 56 in the last 12 months.
Read more: Glasgow generator firm enjoys boom in hospital contracts
Managing director Paul Moore said the firm has capitalised on growing demand for standby power in the UK. DTGen specialises in supplying generators for clients that cannot afford power outages.
It has won work on significant private and public sector projects in recent months in spite of the uncertainty around Brexit.
These include the banking giant HSBC’s new UK headquarters in Birmingham and a new £14m energy centre at the University Hospital of North Tees in Stockton-on-Tees.
Read more: Banking giant grows profits amid Brexit uncertainty
Mr Moore said there have been indications that some organisations have started delaying the approval of big contracts until the situation becomes clearer regarding Brexit.
However, with activity holding up in terms of medium sized and smaller contracts, the company is confident about its prospects.
After making a good start to the year, DTGen is targeting annual sales of £20m.
DTGen did not disclose details of profits but a spokesperson said earnings increased in the latest year.
The Glasgow-based Nevis Capital investment firm acquired a significant stake in Dieselec in 2010. It provided support for Dieselec to buy Thistle Generators in 2010.
John and James Pirrie founded Nevis in 2007 to invest the war chest they raised by selling the LCH Generators business to Speedy Hire for £62m.
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